Oman and Emirates Investment Holding Co announced its unaudited financial results to the Muscat Securities Market (MSM) for the fiscal year (FY) ending December 31, 2014, reporting a plunge in total profit by 88.5% to OMR 352  THD ($917 THD), compared to OMR 3.073 million ($8 million) during the same period of 2013.


Financials for the Oman-listed firm showed a drop in the Company’s revenues to OMR 4.8 million during the period, compared to OMR 8.7 million.


The Parent Company’s loss reached OMR 1.3 million by the end of 2014, compared to OMR 271 THD during the corresponding period of 2013. The revenues also declined to OMR 1.4 million against OMR 3.3 million.


The Company had reported a profit plunge by 27% during the nine-month period ending September 30, 2014, to OMR 4.3 million.